A Good Way to Assess the Value of Your Fraud Prevention Activities
Tips and ideas for your credit union Experienced credit union managers know the value of objective ROI calculations. They’re especially good – and handy – to have in your pocket when it’s budget time and your goal is to get more funding for your department. The truth is, however, for certain business activities, it’s hard to get good ROI data. More often than not, it’s because there’s [...]
Where on the Consumer Authentication Strength Scale do your members operate?
Research tells us it’s probably about level five. MemberPass will boost your members to level nine! Just as fraudsters use multiple different approaches to perpetrate financial crimes, there are at least nine levels of personal authentication. Authentication is crucial, because virtually all types of financial fraud start with a breakdown of personal identification. We’ll look at all nine levels. And we’ll pay extra attention [...]
Antiquated Member Authentication Fraud is on the rise and traditional authentication methods no longer work to prevent it.
The financial technology landscape has evolved dramatically in the past few years. If you work in a credit union, you’ve seen this firsthand and know it to be true. Digital banking has continued to expand at roughly the same rate today as it has for the past few years. Yes, the technological foundation of how ordinary people manage their personal finances grew steadily for years. Then, COVID happened. [...]
Bonifii and Entersekt Announce New Context-Aware Authentication Solution for Credit Unions
Bonifii and Entersekt Announce New Context-Aware Authentication Solution for Credit Unions Provides context-aware biometric authentication technology to boost security and deliver seamless UX Denver, CO and Atlanta, GA [April 21, 2022] – Bonifii and Entersekt today announced a new partnership bringing context-aware authentication technology to credit unions through MemberPass Express, powered by Entersekt. MemberPass is the first KYC-compliant member-controlled digital identity issued by credit union cooperatives. With the addition [...]
Bonifii Selects Mastercard as Preferred Open Banking Provider
Bonifii Selects Mastercard as Preferred Open Banking Provider Credit unions to access consumer-permissioned data for faster, more accurate underwriting DENVER, April 25, 2022 – Bonifii today announced that is has selected Mastercard, through its wholly owned subsidiary Finicity, as the preferred open banking provider for its MemberPass® credit unions to access consumer-permissioned bank data, to inform underwriting for different loan types across mortgage, auto, personal and small business. [...]
Bonifii and Entersekt Announce New Context-Aware Authentication Solution for Credit Unions
Bonifii and Entersekt Announce New Context-Aware Authentication Solution for Credit Unions Provides context-aware biometric authentication technology to boost security and deliver seamless UX Denver, CO and Atlanta, GA [April 21, 2022] – Bonifii and Entersekt today announced a new partnership bringing context-aware authentication technology to credit unions through MemberPass Express, powered by Entersekt. MemberPass is the first KYC-compliant member-controlled digital identity issued by credit union cooperatives. With the [...]
Bonifii Selects Mastercard as Preferred Open Banking Provider
Bonifii Selects Mastercard as Preferred Open Banking Provider Credit unions to access consumer-permissioned data for faster, more accurate underwriting DENVER, April 25, 2022 – Bonifii today announced that is has selected Mastercard, through its wholly owned subsidiary Finicity, as the preferred open banking provider for its MemberPass® credit unions to access consumer-permissioned bank data, to inform underwriting for different loan types across mortgage, auto, personal and small business. [...]
For Bonifii, 2021 was about extending beyond MemberPass
In a digital world, almost every solution can be made better In other words, it rarely makes sense to try to go it alone with a technology solution. No one entity can do everything, so it’s smarter to join with other organizations that can help. As a function of these agreements, the original technology solution is made better. We’re pleased with the agreements we entered into during 2021. [...]
Liquid Avatar Technologies and Bonifii Make Verifiable Credentials Accessible for People and Financial Institutions in the Metaverse
DENVER, CO and TORONTO, November 30, 2021 / Liquid Avatar Technologies Inc. a global blockchain, digital identity, and fintech solutions company and Bonifii, the financial service industry's first transaction network for verifiable credentials, today announce that privacy-preserving financial transactions in the metaverse will soon be possible through the upcoming availability of the Bonifii credential in the Liquid Avatar Wallet. This collaboration means that the Bonifii credential can be used [...]
CREDIT UNION DIGITAL IDENTITY PROVIDER BONIFII ANNOUNCES NEW PARTNERSHIP WITH FINCLUSIVE
FinClusive’s AML/KYC capabilities create verified identity credentials that will be incorporated into MemberPass – Bonifii’s digital identity solution for Credit Unions Through this partnership, U.S. Credit Union members can now establish and maintain verifiable digital identities that enable safe, secure, and touchless experiences for many credit union services NOVEMBER 9, 2021 – Bonifii, the first verifiable exchange network designed to enable peer-to-peer services networking for financial cooperatives, and FinClusive, [...]